Thai economy sees recovery

BANGKOK, 6 August 2003 (NNT) – Finance Minister Korn Chatikavanij stated several economic indicators had indicated the recovery of Thailand’s economic condition but measures were needed to maintain the country’s economic stability.

He also voiced his concern over Thai tourism as it was impacted by many factors such as the global economic gloom, the internal political problems, and the outbreak of the swine flu.

He asserted that the Finance Ministry was rushing to offer loans to maintain the monetary liquidity of business owners and rehabilitate the tourism condition. This was expected to restore investors’ confidence in the country, he said.